from Indiana Coalition for Human Services:
CONGRESSIONAL TAX PLANS THREATEN WELLBEING OF HOOSIERS,
PARTICULARLY MOST VULNERABLE
PARTICULARLY MOST VULNERABLE
Both House and Senate tax plans would likely force cuts that would fall hardest on people with disabilities, the elderly, and children
Indianapolis—Last week the US House of Representatives passed its tax plan, which would likely force deep cuts to programs that expand economic opportunity for ordinary Americans while providing no benefit to most low-income Hoosiers, instead hurting many. The Indiana Coalition for Human Services is dismayed by this passage and the proposal being considered by the US Senate that would further hurt Hoosiers.
The House tax plan will hurt middle- and low-income Hoosiers twofold, by providing no real tax relief while reducing revenues from higher tax brackets so significantly that federal programs designed to assist these Hoosiers, like Medicaid, SNAP, and the part of the budget that includes Head Start and college aid, would be cut to pay for outsized tax cuts to corporations and high-income earners. Further, the tax proposals would have the effect of reducing charitable donations to nonprofit organizations that serve low-income Hoosiers to fill the gaps that federal programs do not cover.
The Senate tax plan looks to read very similarly. It would increase federal deficits, provide tax cuts to high-income households and corporations, and hurt working and middle-income families. And now Senate Republicans have added a provision that would take health coverage from 13 million people (including 245,000 Hoosiers) to pay for permanent corporate tax cuts that flow overwhelmingly to the wealthy.
The nonprofit human services organizations of the Indiana Coalition for Human Services provide a broad spectrum of services to Hoosiers across the state who are most vulnerable, some funded through charitable contributions. But without strong federal programs like Medicaid, SNAP, the Affordable Care Act, and Head Start, as well as tax policies that provide hard-working, low-income families an opportunity to get ahead like the Earned Income Tax Credit, Hoosier families will suffer dire consequences.
Indianapolis—Last week the US House of Representatives passed its tax plan, which would likely force deep cuts to programs that expand economic opportunity for ordinary Americans while providing no benefit to most low-income Hoosiers, instead hurting many. The Indiana Coalition for Human Services is dismayed by this passage and the proposal being considered by the US Senate that would further hurt Hoosiers.
The House tax plan will hurt middle- and low-income Hoosiers twofold, by providing no real tax relief while reducing revenues from higher tax brackets so significantly that federal programs designed to assist these Hoosiers, like Medicaid, SNAP, and the part of the budget that includes Head Start and college aid, would be cut to pay for outsized tax cuts to corporations and high-income earners. Further, the tax proposals would have the effect of reducing charitable donations to nonprofit organizations that serve low-income Hoosiers to fill the gaps that federal programs do not cover.
The Senate tax plan looks to read very similarly. It would increase federal deficits, provide tax cuts to high-income households and corporations, and hurt working and middle-income families. And now Senate Republicans have added a provision that would take health coverage from 13 million people (including 245,000 Hoosiers) to pay for permanent corporate tax cuts that flow overwhelmingly to the wealthy.
The nonprofit human services organizations of the Indiana Coalition for Human Services provide a broad spectrum of services to Hoosiers across the state who are most vulnerable, some funded through charitable contributions. But without strong federal programs like Medicaid, SNAP, the Affordable Care Act, and Head Start, as well as tax policies that provide hard-working, low-income families an opportunity to get ahead like the Earned Income Tax Credit, Hoosier families will suffer dire consequences.
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